Doubtful Brussels will soften on Brexit: RBC Capital Markets

5min

Peter Schaffrik, head of European economics and interest rate strategy at RBC Capital Markets, says it's 'doubtful' Brussels will soften its position over Brexit negotiations.
UK Prime Minister Theresa May told EU leaders this week she can push the Brexit deal through parliament as long as Europe consents to 'legally binding charges' to ensure there is not a hard border between Ireland and Northern Ireland.
Mr Schaffrik has told Your Money host Ticky Fullerton that despite Ms May's exhortations, EU leaders have already dismissed any substantial changes to its Brexit deal.
He says with less than two months before the Brexit deadline, the possibility of no deal is becoming more acute.
Video source: Your Money